The global durable medical equipment (DME) market size reached US$ 217.0 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 356.2 Billion by 2032, exhibiting a growth rate (CAGR) of 5.66% during 2023-2032.
Durable medical equipment (DME) comprises wheelchairs, walkers, canes, crutches, ventilators, oxygen monitors, and nebulizers. It is non-disposable equipment utilized in clinics, hospitals, and home care settings to help patients live a better quality of life. It assists in diagnosing or treating an illness or injury, supporting a disabled body part, and preventing a condition from becoming worse. Besides this, it also provides therapeutic benefits intended for the management of several medical ailments. As it is durable and reusable, DME is prescribed by physicians and usually covered in healthcare plans across the globe.
Moreover, the introduction of various technologically advanced products that ensure patient comfort and portability, along with the integration of medical equipment with artificial intelligence (AI) technology, is acting as another growth-inducing factor. Besides this, the coronavirus disease (COVID-19) outbreak has resulted in the surging demand for DME to expand the healthcare capacity in local hospitals and healthcare systems across the globe. Other major factors, including better coverage and reimbursement policies for DME products, rising number of hospitals, increasing expenditure on healthcare infrastructure, and the growing presence of skilled professionals, are projected to drive the market further in the coming years.
2. What is the expected growth rate of the global Durable Medical Equipment (DME) market during 2024-2032?
3. What are the key factors driving the global Durable Medical Equipment (DME) market?
4. What has been the impact of COVID-19 on the global Durable Medical Equipment (DME) market?
5. What is the breakup of the global Durable Medical Equipment (DME) market based on the product?
6. What is the breakup of the global Durable Medical Equipment (DME) market based on the end use?
7. What are the key regions in the global Durable Medical Equipment (DME) market?
8. Who are the key players/companies in the global Durable Medical Equipment (DME) market?
Durable medical equipment (DME) comprises wheelchairs, walkers, canes, crutches, ventilators, oxygen monitors, and nebulizers. It is non-disposable equipment utilized in clinics, hospitals, and home care settings to help patients live a better quality of life. It assists in diagnosing or treating an illness or injury, supporting a disabled body part, and preventing a condition from becoming worse. Besides this, it also provides therapeutic benefits intended for the management of several medical ailments. As it is durable and reusable, DME is prescribed by physicians and usually covered in healthcare plans across the globe.
Durable Medical Equipment (DME) Market Trends:
The increasing prevalence of cancer, cardiac disorders, neurological conditions, ophthalmic ailments, and gynecological complications around the world represents one of the key factors significantly contributing to the market growth. Additionally, the rising geriatric population, which is more prone to disabilities, coupled with the increasing number of elderly care centers, is supporting the growth of the market. Furthermore, DME is gaining immense popularity worldwide as it is extensively utilized in long-term care after surgery.Moreover, the introduction of various technologically advanced products that ensure patient comfort and portability, along with the integration of medical equipment with artificial intelligence (AI) technology, is acting as another growth-inducing factor. Besides this, the coronavirus disease (COVID-19) outbreak has resulted in the surging demand for DME to expand the healthcare capacity in local hospitals and healthcare systems across the globe. Other major factors, including better coverage and reimbursement policies for DME products, rising number of hospitals, increasing expenditure on healthcare infrastructure, and the growing presence of skilled professionals, are projected to drive the market further in the coming years.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global durable medical equipment (DME) market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product and end use.Breakup by Product:
- Personal Mobility Devices
- Wheelchairs
- Scooters
- Walker and Rollators
- Cranes and Crutches
- Door Openers
- Others
- Bathroom Safety Devices and Medical Furniture
- Commodes and Toilets
- Mattress and Bedding Devices
- Monitoring and Therapeutic Devices
- Blood Sugar Monitors
- Continuous Passive Motion (CPM)
- Infusion Pumps
- Nebulizers
- Oxygen Equipment
- Continuous Positive Airway Pressure (CPAP)
- Suction Pumps
- Traction Equipment
- Others
Breakup by End Use:
- Hospital
- Nursing Homes
- Home Healthcare
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ArjoHuntleigh, Becton, Dickinson and Company, General Electric Company, GF Health Products Inc., Hill-Rom Services Inc., Invacare Corporation, Koninklijke Philips NV, Medical Device Depot Inc., Medline Industries Inc., Medtronic PLC, Omron Corporation, Siemens Healthineers AG (Siemens AG) and Stryker Corporation.Key Questions Answered in This Report
1. What was the size of the global Durable Medical Equipment (DME) market in 2023?2. What is the expected growth rate of the global Durable Medical Equipment (DME) market during 2024-2032?
3. What are the key factors driving the global Durable Medical Equipment (DME) market?
4. What has been the impact of COVID-19 on the global Durable Medical Equipment (DME) market?
5. What is the breakup of the global Durable Medical Equipment (DME) market based on the product?
6. What is the breakup of the global Durable Medical Equipment (DME) market based on the end use?
7. What are the key regions in the global Durable Medical Equipment (DME) market?
8. Who are the key players/companies in the global Durable Medical Equipment (DME) market?
Table of Contents
1 Preface3 Executive Summary10 Value Chain Analysis12 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Durable Medical Equipment (DME) Market
6 Market Breakup by Product
7 Market Breakup by End Use
8 Market Breakup by Region
9 SWOT Analysis
11 Porters Five Forces Analysis
13 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- ArjoHuntleigh
- Becton
- Dickinson
- Company
- General Electric Company
- GF Health Products Inc.
- Hill-Rom Services Inc.
- Invacare Corporation
- Koninklijke Philips NV
- Medical Device Depot Inc.
- Medline Industries Inc.
- Medtronic PLC
- Omron Corporation
- Siemens Healthineers AG (Siemens AG)
- Stryker Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 135 |
| Published | August 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 217 Billion |
| Forecasted Market Value ( USD | $ 356.2 Billion |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
